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Stock Market & Financial Investment News

News Breaks
June 3, 2014
09:02 EDTGRVY, NDAQGravity receives Nasdaq staff deficiency letter
Gravity (GRVY) announced that the company received a letter from the NASDAQ (NDAQ) indicating that the company failed to comply with the minimum bid price requirement for continued listing set forth in Nasdaq Stock Market Rule 5450(a)(1), as the bid price of the Company's American Depositary Shares had closed for 30 consecutive business days below $1.00 per ADS. In accordance with Nasdaq Stock Market Rule 5810(c)(3)(A), the company has a grace period of 180 calendar days, or until November 24, to regain compliance. The notification advises that such compliance can be achieved if, at any time before November 24, the bid price of the company's ADS closes at $1.00 or more per share for a minimum of 10 consecutive business days. Nasdaq Letter has no effect at this time on the listing of the company's ADS on the Nasdaq Stock Market. The Company's ADS will continue to trade on the Nasdaq Global Market under the symbol "GRVY." Gravity will monitor the bid price for its ADS between now and November 24, and will consider available options to resolve the deficiency and regain compliance with the Nasdaq minimum bid price requirement.
News For GRVY;NDAQ From The Last 14 Days
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July 14, 2014
10:00 EDTNDAQOn The Fly: Analyst Upgrade Summary
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06:13 EDTNDAQNASDAQ upgraded to Overweight from Equal-Weight at Evercore
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July 11, 2014
08:36 EDTNDAQNASDAQ Hearings Panel approves continued listing of Ixia shares
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